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today make one more point about the type of campaign at that romney ran. focused on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to what the party needs to do to regroup for 2 2 2 2 2 2 hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the
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% that we can't afford and according to economists, will have the least positive impact on our economy. >> all right. i don't know about you, but to me, that sounds like a fairly staunch and unwavering position. and yet, the president did insist he's staying open to new ideas. take a listen to this one. >> i am open to new ideas, if the republican counterparts or some democrats have a great idea for us to raise revenue, maintain progressivity, make sure the middle class isn't getting hit, reduces our deficit, encourages growth, i'm not going to just slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> all right. now, that second one -- that second one was pretty good, if you ask me. and again, i'm trying to be optimistic about tax reform rather than higher tax rates that will damage economic incentives. but does this really sound like somebody who's ready to make a deal? that's a big question. here now is cnbc contributor keith bicycoykin, and david web radio talk show host and co-founder of tea party 365. steve, did the president sound like he was rea
, you refer -- a couple of powerful phrase, you refer to ours being a rigged economy. if you could explain more clearly. >> guest: well, in a competitive market, government would set the rules and as the germans do, with what they call -- adjust the rules as businesses figure out how to game the rules to have as level a playing field. because the market will figure out best how to outfit capital and who should succeed. but it's also a natural tendency in a capitalist market to good toward monopoly where a couple of successful firms get bigger and bigger and remove competition. and when that happened you get constitute typhic indication. you don't want to take risks. you just want to mind the market, do what economists call rent-seeking, which means earning profits greater than a market economy. when you add to that these rules and regulations -- in the book, every chapter, -- i'm sure you a reading thises you have not read in the news media. i show how again and again and again the market is being rigged. this is terrible for the national economy and explains why we're in these eco
on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to regroup for 2 2 2 2 2 2 >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the party calling for change. what can republicans do to regroup for 2014 and beyond. jason, a wonderful time of the the season, called recrimination. (laughter) >> otherwise known to journalists as shooting the wounded, which is our specialty, so, what, how much trouble is the republican party in? >> they're in a lot of trouble, the coalition needs to expand.
on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved econ performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: with the election over, there's new talk in washington about finally coming to grips with taxes, spending and the deficit. the mammoth problem has been hanging over congress and president for many months, and now, time is running out. in just five days, lawmakers troop back to the capitol for a final, lame-duck session. and they are under mounting pressure to avoid going off the much-talked-about fiscal cliff. come january 1, the bush-era tax cuts will expire as will a 2% payroll tax cut that was passed in december of 2010. at the same time, large automatic sp
their ideas as well. in a time when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that is the focus of the plan that i talked about during the campaign. [applause] it is a plan to reward small businesses and manufacturers to create jobs here, not overseas, a plan to give people the chance to get the education and training that businesses are looking for right now. it is a plan to make sure this country is a global leader in research and technology and clean energy, which will attract new companies and high- wage jobs for america. it is a plan put americans back to work, including veterans, rebuilding our infrastructure, and it is a plan to reduce our deficit in a balanced and responsible way. our work is made that much more urgent because at the end of this year we face a series of deadlines that require us to make major decisions about how to pay our deficit down, decisions that will have a huge impact on economies and the middle class, both now and in the future. last year i worked with democrats and republicans to cut $1 trillion in sp
of the fundamental question of the internet economy. >> right, it certainly is and again, no one, even in the children, even in the copa context where we proposed before you collect information online from children you have to get parental consent, we don't think, i mean that doesn't stop advertisements for children. it only stops particularly types of information and advertising it back and monetizing that information and soling it to third parties and using it to advertise to children. all it doesn't say you can't collect certain types of information. that is our proposal. we are taking comments. we haven't made up our mind precisely where we're going to go. >> let's sort of talk broadly about a concept of unfairness. so the ftc has a mandate of enforcing deceptive and unfair practices right? >> right. >> traditionally you erred on the side of deceptive. >> well, you know, if you make a commitment to anyone in this room we will in the privacy content we will protect your data and you don't honor that commitment that is deceptive practice. that is an easy thing to understand conceptua
to the economy. >> and that is a huge deal. the fact that president bush is still getting blamed for the economy is something that clearly is showing up in those poll numbers. lou: we appreciate it. thank you. great work last night. president obama winning a second term as his party added to its majority in the senate, counting independent democrats could have a caucus of 55 members up from 53. among the most closely watched races, a democrat elizabeth warren beating republican incumbent senator scott brown. and in indiana, the democratic congressman, jim donnelly, defeating richard. in missouri democratic incumbent successfully fought off a challenge by congressman taught a kid who was not able to recover from comments about women's bodies and pregnancies of an absurd nature. well, in virginia democrat tim kane defeated former fellow governor george allen in thh most expensive senate race in the country. more than $82 million spent on the race. in the house republicans retain their majority with at least 2303 seats. the democrats' 192. ten races have yet to be called. the republicans 233 seats
will coincide to basically push the u.s. economy into a recession unless congress does something about it. >> so remember that game on "the price is right" when the contestant had to avoid the guy going over the cliff, cue up the music, folks. going over the fiscal cliff means the end of the bush tax cuts. that would save $221 billion. but would raise most people's taxes by about 3500 bucks. reduces costs by $65 billion. general spending, including items on education and veterans benefits. a third cost redix, the payroll tax holiday expires. $95 billion saved there. and finally, emergency of employment benefits and health care and tax cuts, benefits saves the largest chunk there. that's $225 billion. if all of these cuts happen, the deficit improves by $607 billion. it would go down almost 40% but come at a hefty price. the economy would go over the fiscal cliff, sending the economy back into a recession. budget office projecting the unemployment rate could jump to 9.1% by the end of the year and that economic growth as well could shrink by half of a percent. i want to bring in bill schneider, c
. what's choking our economy and what's choking the economy of greece, and this is why i figured to it the way that i did, even though it was a figure of speech, entitlements are choking us and we've got to make the real reforms to make sure that we do it right. we protect these programs and thirdly, speaker boehner said it very well, i thought he showed great leadership that revenues need to be on the table. again, though, we need to do it in the right way. bowles/simpson said reduce the reductions where you can, lower tax rates by doing that. and i think, at the end of the day, what's going to happen, george, we got to get this economy going again. we have had an outside group ernest and young look at raising of taxes on the highest income earners. what a they concluded was, we would immediately lose 700,000 jobs in america. is that the kind of economy that this president wants to start out with in his second term? i don't think so. president obama said two years ago, now is not the time with a sluggish economy to raise taxes. we need to consider the fact that folks who started
. >> host: so the powerful faces in the book to me or their rickety economy but if you could explain a little more clearly. >> guest: in a competitive market the government would set the rules and as the germans do with what they call the liberalism adjust the rules as the businesses play the rules you are not going to have protection but you have to make sure the playing field because the market will figure out best who should succeed in the capitalist market to head towards monopoly or duopoly that getting bigger and bigger and bigger and when that happens when you get is the ones you are a monopoly or duopoly come you don't want to invest in innovation you just want to mind the market and to rent seeking by which they mean earning profits greater than you would get in the market economy. when you add to that all of these rules and regulations in the book and every chapter as i am sure you've read things you haven't read in the news media show how again and again and again the market is being rigged but this is terrible and helps explain why in the economic doldrums we don't have t
cliff -- this affects the whole economy of this country going forward. one of the big questions is going to be that republicans are saying we don't want to see any rate increase, we just want to see revenues through closing loopholes, top administration officials, including secretary tim geithner, he says we want to see rates increase for upper income people. we will see where the president comes down with that. that will be a big issue. on friday, he will meet with congressional leaders. also, if he's willing to put on the table what he did in august of 2011. that is major cuts to entitlement, social security, medicare. and of course, questions about benghazi. he has never fully accounted about the warnings beforehand. you know, did he know that there were all these warnings about security, lack of security in benghazi at the consulate in august. that is a month before the attack. of course, david petreaus -- when did he hear about it? and if he did not hear about it, until last week about the election -- why not? is he upset about our? megyn: that's right, does he have any issue with t
lines for these tax cuts that would cause damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges we need to address including the sequester but congress ought to, the house ought to pass those tax cuts right away because it would send a tremendous positive signal to the american people that in the wake of this election, we can at the very least, come together and convert into law a bill that everyone agrees should become law, republicans and democrats alike, the president included. and we will then continue to work on those issues where we have broader disagreement. and that's where the president has invited leaders of congress to the white house next week. that's why he will be meeting with business leaders and labor leaders and others to get their ideas about how to move forward. he does have his own very specific plan that reduces the deficit by $4 trillion, that does it in a balanced bay and we can invest in research
-- i'm not saying the campaign should have been run on them. the economy was obviously the major issue. but you can't take a crouching position if you're a member of a party that believes that all of our children should be welcomed into the world, for example, and protected by the law. >> governor, do you agree with that? >> well, i'd have to say that the republican party needs to decide whether it wants to win or lose going forward. >> and what do you think that would allow you to do? >> well, when we're talking about the party, we're losing. when we're talking about america, we win. so in embrace of all people, in articulation of a vision, people don't want to be moralized to, they don't want to be lectured to, they want to live their lives. they want an economy that works, jobs, opportunities, schools that educate the next generation. and they want to be left alone. and the sooner that we as a party can get around that and start preparing for the 21st century, which is really the discussion that we need to have, how you prepare for the most competitive years ahead in a high liu comp
it is a slope, it is going to hurt the economy. it's not going to happen overnight, we're not going to go into a major recession overnight, but, you know, the democrats clearly don't want to sacrifice unemployed workers and, you know, and the economy as a whole to, you know -- and so that's where they're vulnerable. and this is hypersimplified. i mean, i don't even -- you know, the tax increase is not just a bush tax cut, but it's a payroll tax cut, and unemployment is another big factor there, the extended unemployment. so the, you know, sort of a point -- okay. well, okay, i'm going to skip ahead, but just a couple of points to be made here. you know, economists are all glad that now -- or keynesians are glad that there's an implicit, you know, that the whole discussion around the fiscal cliff implies that you're a keynesian, that you really believe the economy's going to go south if you, if you close the deficit even though it's not usually stated in those words. you know, a couple of details are, you know, yes, generally speaking all else equal you reduce the deficit, you will have, y
to tackle the fiscal cliff, an economic mandate that could throw the economy into a tail spin unless democrats and republicans stop it all. house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is
't that be good for the economy? the president is open to compromise, but he's not going to give away the store, not this year. he learned his lessons back in the lame duck session of congress, 2011. so today he openly rejected the mitt romney, john boehner solution for tax reform. >> what i will not do is to have a process that is vague, that says we're going to sort of, kind of raise revenue through dynamic scoring or closing loopholes that have not been identified. and the reason i won't do that is because i don't want to find ourselves in a position six months from now or a year from now, where lo and behold, the only way to close the deficit is to sock it to middle class families. >> now, that is the classiest way i have ever seen anybody say, you know what, somebody's got to pick up the bar tab, boys. this is what president obama ran against in the presidential election. mitt romney's approach to tax reform was, trust me. the american public wanted specifics. and president obama continued to give specifics today, but the economy wasn't the only thing on the president's mind today. earlier
the only democratic candidate running on a record of a weak economy and debt crisis that we face and still win. yet, he did. they did very many things that were right. you can point to a couple of things with mitt romney. he may not have been the perfect candidate for 2012 given his corporate turnaround background, secondly, he did not get something republicans have counted on and that is the white working-class voters. in states like ohio, the ads attacking mayor romney as a corporate raider and buccaneer that went on for many months put on by the obama campaign seemed to work. the white working-class vote did not turn out for mitt romney in the numbers he needed. host: you had a piece yesterday, "the survivor in chief." you know to that they expose the myth of the enthusiastic democratic voter. guest: it was a myth i subscribe to for a while. i am sure you read about this over and over again. the democratic voters were dispirited and they were not feeling enthusiastic about the campaign. it was the conservatives and republicans fired up and getting ready to go. the notion was, he would h
that what voters care for our jobs and the economy. immigration is either number two or number 3 on their list of things that they care about. it is much higher in places like arizona. it is the number two issue among hispanics. my sense has been that i do not think hispanics always want to be associated with immigration. it is difficult to separate the immigration conversation from them because it is so integral to their lives. 60% of hispanic voters know somebody personally that is undocumented and they could be dating that person or it could be there brother or father. i have talked to people about this. hispanic advocates tell me that it is hard to separate immigration from them. that could change if there is a revolution. they are the driving force behind it. host: a couple of facts from the pew center. people ages 98-29, the youth -- people ages 18-29 make up about a third of all eligible hispanic voters. guest: this is an issue that is closer to their hearts. host: the projected population growth among the latino community. made up of about 17% of the population in 2011. i
that is divided, there was an earthquake. it was an election that, republicans should have won in a bad economy, with all that money, and they lost virtually every group. they even lost cubans in florida, which used to reliable vote. so you have to ask what does the republican party do next? but that is not my top priority frankly. >> don't broad brush it excessively. the republicans kept the house, the democrats kept the senate and the president, a democrat, kept the white house. that is a split verdict. >> beneath those numbers there was an earthquake john. >> oh, the hidden earthquake. nobody felt it? >> everybody feels it. >> nothing on the restrictter scale but there was -- on the scale. >>> when you think we had 23 million people unemployed and the worst in our history and he still carried it through. i would call it a landslide under the conditions he had to run. i think it was a decisive victory. >> it was on several counts. first the exit polling showed most of the voters did blame the economic problems on bush and they wanted to give obama more time to work on it. pretty significant c
game and more than half of us fish. outdoor recreation economy across this country contributed some $646 million in direct spending to this u.s. economy. fishing and00ing is not just recreation, it is a critical part of our economy. in montana, hunting and fishing alone brings $1 billion a year to our economy. nearly as much as the state's cattle industry. it drives and sustained jobs, and with hunting season in full swing and thousands of montanaians hunting in the back country over the thanksgiving weekend, this bill is as timely as ever. mr. president, the sports men's act of 2012 is balanced, bipartisan, and widely supported. it is also fiscally responsible. the bill has no cost. mr. president, before the senate went out of session, we voted to move forward with this bill by a vote of 84-7. 84-7. it was a resounding approval to preserve some of our most productive habitat, to pass on the hunting tradition and to entrust them with the land and water we share. now it's time to get this bill across the finish line, to approve a bill with widespread support that preserves our outdoo
was on my radio show yesterday. >> if mitt romney cannot win in this economy, then the tipping point has been reached. we have more takers than makers and it's over. the country that no longer is interested in conservative ideas. it is interested in handouts. >> >> laura: this frustration and dejection is understandable. i, like many conservatives, thought mitt romney would pull out a victory, i, like many republicans, am extremely disappointed. the autopsy of what went wrong is ongoing. there will be conflicting opinions on the cause of death for the romney campaign and all those senate races. i happen to think that mitt romney ran an overly cautious and defensive campaign which allowed the other side to define him. perhaps with the exception being that first debate. some establishment republic types say this requires the party, however, to be less conservative, to be more moderate. and it's no surprise that democrats agree. i find that depressing. conservatism won huge for the g.o.p. in 2010. and it beat back a union backed recall just recently in wisconsin. but in just two years, a sh
are critical in order to get the economy growing again and people back to work. and i think that is the over -- it's certainly the number one domestic challenge. my point is it's always the number one national security challenge. why? because a healthy economy and a healthy balance sheet undergirds everything we do internationally. it funds our military, it gives strength to our diplomacy, it allows us to be an attractive trading partner which gives us economic influence. it undergirds everything we do overseas. but secondly, it also undergirds the power of the american idea. the american idea is political democracy and free markets makes for a stable situation in the long term but also makes for a prosperous society that is able to deliver on its people. that is really what america has stood for. and by our failure to resolve our own problems and get our economy growing and going again, we undermine the strength of the american idea internationally. and that's why countries are flirting with this notion of, well, maybe china has it right; state capitalism plus keeping your people in line. a
economy energy eyes jiesed by simpler tax codes with fewer loopholes and lower rates for all? so his increaseded revenue is lower rates or dynamic scoring, i don't know. but i think he was able to pivot on his spin but in terms of the substance i don't think he's moved. >> i'm glad that you read his words because i do think that is what the republicans mean by revenue. the theory -- and it's a theory and there are detrack tors of this theory and supporters of the theory which is if you have lower tax rates, there will be more economic growth and activity which will in turn result in additional tax revenue into the u.s. treasury. and again, it really comes down to whether you buy into that theory. the republicans hold that theory and believe in it. the other side of the aisle doesn't believe in that theory to the same degree that the republicans do. so it almost comes down to what stan said is do you have steal mate over the i'd olingses and i think we all know that with the senate becoming a bit more liberal and the house becoming a bit more conservative that those are going to clash
has been with the eu. as they faulter we have to consider the impact this may have on our own economy. jon: on the hill they call him dr. no, fiscal conservative senator shaun coburn maintaining his position against federal spending programs. he kicked off his programs for $68 billion in cuts. steve centanni live in washington. tell us about this report, what is in it. >> the report on spending in the department of defense is called the department of everything, and recommends specific cuts over ten years in five main areas of concern. the report says in part, these areas are merely a starting point for reviewing pentagon spending that is unnecessary, duplicative, wasteful or simply not related to defense. we must refocus the pentagon on its true mission, fighting and winning the nation's wars. the report highlights waste in dozens of specific programs, they include research on what fish can teach us about democracy, a study of jargon used on twitter and how it differs across the country. a reality cooking show featuring grill sergeants. a so-called starship project that included a di
Search Results 0 to 49 of about 102 (some duplicates have been removed)